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Loans (Tables) | 3 Months Ended
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Mar. 31, 2013
Loans [Abstract] |
Major Classifications of Loans | Major classifications of loans at March 31, 2013 and December 31, 2012 are as follows (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Commercial and industrial |  | $ | 35,452 |  |  |  | 26,236 |
Commercial, secured by real estate |  |  | 283,144 |  |  |  | 230,256 |
Residential real estate |  |  | 214,282 |  |  |  | 183,132 |
Consumer |  |  | 13,860 |  |  |  | 10,554 |
Agricultural |  |  | 1,805 |  |  |  | 1,668 |
Other loans, including deposit overdrafts |  |  | 1,146 |  |  |  | 1,875 |
|  |  | 549,689 |  |  |  | 453,721 |
Deferred net origination (fees) costs |  |  | (22 | ) |  |  | 62 |
|  |  | 549,667 |  |  |  | 453,783 |
Less allowance for loan losses |  |  | 3,404 |  |  |  | 3,437 |
Loans, net |  | $ | 546,263 |  |  |  | 450,346 |
Non-accrual, Past Due, and Accruing Restructured Loans | Non-accrual, past-due, and accruing restructured loans as of March 31, 2013 and December 31, 2012 are as follows (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2013 |  |  | 2012 |
Non-accrual loans: |  |  |  |  |  |
Commercial and industrial |  | $ | 181 |  |  |  | 264 |
Commercial, secured by real estate |  |  | 1,414 |  |  |  | 788 |
Residential real estate |  |  | 1,578 |  |  |  | 1,231 |
Total non-accrual loans |  |  | 3,173 |  |  |  | 2,283 |
Past-due 90 days or more and still accruing |  |  | 180 |  |  |  | 128 |
Total non-accrual and past-due 90 days or more and still accruing |  |  | 3,353 |  |  |  | 2,411 |
Accruing restructured loans |  |  | 13,693 |  |  |  | 13,343 |
Total |  | $ | 17,046 |  |  |  | 15,754 |
Percentage of total non-accrual and past-due 90 days or more and still accruing to total loans |  |  | 0.61 | % |  |  | 0.53 | %
Percentage of total non-accrual, past-due 90 days or more and still accruing, and accruing restructured loans to total loans |  |  | 3.10 | % |  |  | 3.47 | %
Allowance for Loan Losses and Recorded Investments in Loans | The allowance for loan losses and recorded investment in loans for the three months ended March 31 are as follows (in thousands):
|  | Commercial & Industrial |  |  | Commercial Real Estate |  |  | Residential Real Estate |  |  | Consumer |  |  | Agricultural |  |  | Other |  |  | Total |
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | $ | 320 |  |  |  | 2,296 |  |  |  | 712 |  |  |  | 108 |  |  |  | - |  |  |  | 1 |  |  |  | 3,437 |
Provision charged to expenses |  |  | 20 |  |  |  | 87 |  |  |  | 14 |  |  |  | 22 |  |  |  | - |  |  |  | 6 |  |  |  | 149 |
Losses charged off |  |  | (83 | ) |  |  | (30 | ) |  |  | (27 | ) |  |  | (63 | ) |  |  | - |  |  |  | (16 | ) |  |  | (219 | )
Recoveries |  |  | - |  |  |  | - |  |  |  | 5 |  |  |  | 23 |  |  |  | - |  |  |  | 9 |  |  |  | 37 |
Balance, end of period |  | $ | 257 |  |  |  | 2,353 |  |  |  | 704 |  |  |  | 90 |  |  |  | - |  |  |  | - |  |  |  | 3,404 |
Individually evaluated for impairment |  | $ | 71 |  |  |  | 657 |  |  |  | 157 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 885 |
Collectively evaluated for impairment |  |  | 186 |  |  |  | 1,696 |  |  |  | 547 |  |  |  | 90 |  |  |  | - |  |  |  | - |  |  |  | 2,519 |
Balance, end of period |  | $ | 257 |  |  |  | 2,353 |  |  |  | 704 |  |  |  | 90 |  |  |  | - |  |  |  | - |  |  |  | 3,404 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 181 |  |  |  | 14,006 |  |  |  | 1,294 |  |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | 15,488 |
Collectively evaluated for impairment |  |  | 35,234 |  |  |  | 268,838 |  |  |  | 213,190 |  |  |  | 13,966 |  |  |  | 1,805 |  |  |  | 1,146 |  |  |  | 534,179 |
Balance, end of period |  | $ | 35,415 |  |  |  | 282,844 |  |  |  | 214,484 |  |  |  | 13,973 |  |  |  | 1,805 |  |  |  | 1,146 |  |  |  | 549,667 |
2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, beginning of year |  | $ | 162 |  |  |  | 1,941 |  |  |  | 656 |  |  |  | 166 |  |  |  | - |  |  |  | 6 |  |  |  | 2,931 |
Provision charged to expenses |  |  | 7 |  |  |  | 61 |  |  |  | 155 |  |  |  | (6 | ) |  |  | - |  |  |  | (2 | ) |  |  | 215 |
Losses charged off |  |  | - |  |  |  | (205 | ) |  |  | (117 | ) |  |  | (46 | ) |  |  | - |  |  |  | (20 | ) |  |  | (388 | )
Recoveries |  |  | - |  |  |  | 70 |  |  |  | 7 |  |  |  | 38 |  |  |  | - |  |  |  | 17 |  |  |  | 132 |
Balance, end of period |  | $ | 169 |  |  |  | 1,867 |  |  |  | 701 |  |  |  | 152 |  |  |  | - |  |  |  | 1 |  |  |  | 2,890 |
Individually evaluated for impairment |  | $ | - |  |  |  | 263 |  |  |  | 150 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 413 |
Collectively evaluated for impairment |  |  | 169 |  |  |  | 1,604 |  |  |  | 551 |  |  |  | 152 |  |  |  | - |  |  |  | 1 |  |  |  | 2,477 |
Balance, end of period |  | $ | 169 |  |  |  | 1,867 |  |  |  | 701 |  |  |  | 152 |  |  |  | - |  |  |  | 1 |  |  |  | 2,890 |
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | 2,922 |  |  |  | 13,900 |  |  |  | 629 |  |  |  | 9 |  |  |  | - |  |  |  | - |  |  |  | 17,460 |
Collectively evaluated for impairment |  |  | 27,735 |  |  |  | 204,602 |  |  |  | 186,378 |  |  |  | 13,375 |  |  |  | 2,357 |  |  |  | 5,074 |  |  |  | 439,521 |
Balance, end of period |  | $ | 30,657 |  |  |  | 218,502 |  |  |  | 187,007 |  |  |  | 13,384 |  |  |  | 2,357 |  |  |  | 5,074 |  |  |  | 456,981 |
Analysis of the Company's Loan Portfolio by Credit Quality Indicators | An analysis of the Company's loan portfolio by credit quality indicators at March 31, 2013 and December 31, 2012 is as follows (in thousands):
|  | Pass |  |  | OAEM |  |  | Substandard |  |  | Doubtful |  |  | Total |
March 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 31,083 |  |  |  | 1,793 |  |  |  | 2,358 |  |  |  | 181 |  |  |  | 35,415 |
Commercial, secured by real estate |  |  | 262,682 |  |  |  | 1,797 |  |  |  | 18,365 |  |  |  | - |  |  |  | 282,844 |
Residential real estate |  |  | 206,546 |  |  |  | 2,322 |  |  |  | 5,616 |  |  |  | - |  |  |  | 214,484 |
Consumer |  |  | 13,931 |  |  |  | - |  |  |  | 42 |  |  |  | - |  |  |  | 13,973 |
Agricultural |  |  | 1,771 |  |  |  | - |  |  |  | 34 |  |  |  | - |  |  |  | 1,805 |
Other |  |  | 1,146 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,146 |
Total |  | $ | 517,159 |  |  |  | 5,912 |  |  |  | 26,415 |  |  |  | 181 |  |  |  | 549,667 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 22,965 |  |  |  | 1,804 |  |  |  | 1,177 |  |  |  | 264 |  |  |  | 26,210 |
Commercial, secured by real estate |  |  | 218,246 |  |  |  | 2,653 |  |  |  | 9,022 |  |  |  | 107 |  |  |  | 230,028 |
Residential real estate |  |  | 172,589 |  |  |  | 2,353 |  |  |  | 8,130 |  |  |  | 298 |  |  |  | 183,370 |
Consumer |  |  | 10,549 |  |  |  | - |  |  |  | 62 |  |  |  | 20 |  |  |  | 10,631 |
Agricultural |  |  | 1,665 |  |  |  | - |  |  |  | 3 |  |  |  | - |  |  |  | 1,668 |
Other |  |  | 1,876 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,876 |
Total |  | $ | 427,890 |  |  |  | 6,810 |  |  |  | 18,394 |  |  |  | 689 |  |  |  | 453,783 |
Loan Portfolio Aging Analysis | A loan portfolio aging analysis at March 31, 2013 and December 31, 2012 is as follows (in thousands):
|  | 30-59 Days Past Due |  |  | 60-89 Days Past Due |  |  | Greater Than 90 Days Past Due |  |  | Total Past Due |  |  | Current |  |  | Total Loans Receivable |  |  | Total Loans Greater Than 90 Days and Accruing |
March 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | - |  |  |  | - |  |  |  | 181 |  |  |  | 181 |  |  |  | 35,234 |  |  |  | 35,415 |  |  |  | - |
Commercial, secured by real estate |  |  | 378 |  |  |  | - |  |  |  | 1,301 |  |  |  | 1,679 |  |  |  | 281,165 |  |  |  | 282,844 |  |  |  | 127 |
Residential real estate |  |  | 945 |  |  |  | 223 |  |  |  | 1,376 |  |  |  | 2,544 |  |  |  | 211,940 |  |  |  | 214,484 |  |  |  | 49 |
Consumer |  |  | 60 |  |  |  | 11 |  |  |  | 4 |  |  |  | 75 |  |  |  | 13,898 |  |  |  | 13,973 |  |  |  | 4 |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,805 |  |  |  | 1,805 |  |  |  | - |
Other |  |  | 63 |  |  |  | - |  |  |  | - |  |  |  | 63 |  |  |  | 1,083 |  |  |  | 1,146 |  |  |  | - |
Total |  | $ | 1,446 |  |  |  | 234 |  |  |  | 2,862 |  |  |  | 4,542 |  |  |  | 545,125 |  |  |  | 549,667 |  |  |  | 180 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | - |  |  |  | 1 |  |  |  | 264 |  |  |  | 265 |  |  |  | 25,945 |  |  |  | 26,210 |  |  |  | - |
Commercial, secured by real estate |  |  | 346 |  |  |  | 79 |  |  |  | 788 |  |  |  | 1,213 |  |  |  | 228,815 |  |  |  | 230,028 |  |  |  | - |
Residential real estate |  |  | 791 |  |  |  | 212 |  |  |  | 1,172 |  |  |  | 2,175 |  |  |  | 181,195 |  |  |  | 183,370 |  |  |  | 103 |
Consumer |  |  | 61 |  |  |  | 57 |  |  |  | 25 |  |  |  | 143 |  |  |  | 10,488 |  |  |  | 10,631 |  |  |  | 25 |
Agricultural |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,668 |  |  |  | 1,668 |  |  |  | - |
Other |  |  | 72 |  |  |  | - |  |  |  | - |  |  |  | 72 |  |  |  | 1,804 |  |  |  | 1,876 |  |  |  | - |
Total |  | $ | 1,270 |  |  |  | 349 |  |  |  | 2,249 |  |  |  | 3,868 |  |  |  | 449,915 |  |  |  | 453,783 |  |  |  | 128 |
Impaired Loans | Impaired loans at March 31, 2013 and December 31, 2012 are as follows (in thousands):
|  | Recorded Investment |  |  | Unpaid Principal Balance |  |  | Related Allowance |  |  | Average Recorded Investment |  |  | Interest Income Recognized |
March 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Commercial real estate |  |  | 9,480 |  |  |  | 9,875 |  |  |  | - |  |  |  | 9,516 |  |  |  | 89 |
Residential real estate |  |  | 534 |  |  |  | 727 |  |  |  | - |  |  |  | 591 |  |  |  | 3 |
Consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 3 |  |  |  | - |
Total |  | $ | 10,014 |  |  |  | 10,602 |  |  |  | - |  |  |  | 10,110 |  |  |  | 92 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 181 |  |  |  | 249 |  |  |  | 71 |  |  |  | 202 |  |  |  | - |
Commercial real estate |  |  | 4,526 |  |  |  | 4,654 |  |  |  | 657 |  |  |  | 4,548 |  |  |  | 32 |
Residential real estate |  |  | 760 |  |  |  | 786 |  |  |  | 157 |  |  |  | 764 |  |  |  | 3 |
Consumer |  |  | 7 |  |  |  | 7 |  |  |  | - |  |  |  | 7 |  |  |  | - |
Total |  | $ | 5,474 |  |  |  | 5,696 |  |  |  | 885 |  |  |  | 5,521 |  |  |  | 35 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 181 |  |  |  | 249 |  |  |  | 71 |  |  |  | 202 |  |  |  | - |
Commercial real estate |  |  | 14,006 |  |  |  | 14,529 |  |  |  | 657 |  |  |  | 14,064 |  |  |  | 121 |
Residential real estate |  |  | 1,294 |  |  |  | 1,513 |  |  |  | 157 |  |  |  | 1,355 |  |  |  | 6 |
Consumer |  |  | 7 |  |  |  | 7 |  |  |  | - |  |  |  | 10 |  |  |  | - |
Total |  | $ | 15,488 |  |  |  | 16,298 |  |  |  | 885 |  |  |  | 15,631 |  |  |  | 127 |
December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
With no related allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | - |  |  |  | - |  |  |  | - |  |  |  | 975 |  |  |  | 43 |
Commercial real estate |  |  | 9,541 |  |  |  | 9,936 |  |  |  | - |  |  |  | 9,310 |  |  |  | 350 |
Residential real estate |  |  | 417 |  |  |  | 417 |  |  |  | - |  |  |  | 397 |  |  |  | 5 |
Consumer |  |  | 20 |  |  |  | 20 |  |  |  | - |  |  |  | 23 |  |  |  | 2 |
Total |  | $ | 9,978 |  |  |  | 10,373 |  |  |  | - |  |  |  | 10,705 |  |  |  | 400 |
With an allowance recorded: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 264 |  |  |  | 822 |  |  |  | 159 |  |  |  | 374 |  |  |  | - |
Commercial real estate |  |  | 4,258 |  |  |  | 4,360 |  |  |  | 660 |  |  |  | 4,765 |  |  |  | 171 |
Residential real estate |  |  | 658 |  |  |  | 853 |  |  |  | 85 |  |  |  | 707 |  |  |  | 2 |
Consumer |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 4 |  |  |  | - |
Total |  | $ | 5,180 |  |  |  | 6,035 |  |  |  | 904 |  |  |  | 5,850 |  |  |  | 173 |
Total: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial & industrial |  | $ | 264 |  |  |  | 822 |  |  |  | 159 |  |  |  | 1,349 |  |  |  | 43 |
Commercial real estate |  |  | 13,799 |  |  |  | 14,296 |  |  |  | 660 |  |  |  | 14,075 |  |  |  | 521 |
Residential real estate |  |  | 1,075 |  |  |  | 1,270 |  |  |  | 85 |  |  |  | 1,104 |  |  |  | 7 |
Consumer |  |  | 20 |  |  |  | 20 |  |  |  | - |  |  |  | 27 |  |  |  | 2 |
Total |  | $ | 15,158 |  |  |  | 16,408 |  |  |  | 904 |  |  |  | 16,555 |  |  |  | 573 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=7880640&loc=SL6953803-111525 + Details
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- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953401-111524 + Details
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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 3, 4 -Article 5 + Details
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- Definition Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524 + Details
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